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Feb 23, 2013
02/13
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by the time the debt ceiling hit, we had a good sense of the landscape. the debt ceiling, we were kind of galvanized in this cohesion to move forward. >> stuart, what was your assumption of what the primary would be about before the announcement speech? writing all of that -- the public does not realize. you go back to the obama announcement speech. it lays out the entire message of the campaign. you are working on that and the governor is working on that. >> we talked about this a lot. we had a premise that we would not have an announcement speech that you could give the day before the general election. that was our goal. we got that the reagan announcement speech and used as a model. it was one that was successful. it was a model of the speech that president reagan gave the day before. it was in the general election. we always believe that we wanted the primary to be about the economy. mitt romney would be that candidate of the economy. to beat mitt romney, you had to beat him on the economy. every candidate would have to trump them on that. we were fai
by the time the debt ceiling hit, we had a good sense of the landscape. the debt ceiling, we were kind of galvanized in this cohesion to move forward. >> stuart, what was your assumption of what the primary would be about before the announcement speech? writing all of that -- the public does not realize. you go back to the obama announcement speech. it lays out the entire message of the campaign. you are working on that and the governor is working on that. >> we talked about this a...
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Feb 22, 2013
02/13
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concerned in this country. >> narrator: and cantor had that debt ceiling threat. if the president wouldn't cut spending, he and the new republicans would force the issue. >> we all saw the debt ceiling as the best lever we had to make some changes, to deal with the spending problem, to deal with the big government problem. >> if the government were to fail to raise the debt ceiling, you would see an immediate panic in the market... >> white house showdown with house republicans... >> narrator: at the white house, treasury secretary timothy geithner knew just how serious cantor's threat was. >> geithner says, "we could trigger a depression worse than the 1930s. it will be indelible. it will be... it will last for generations." tim geithner is one scared secretary of the treasury. >> when secretary geithner and the rest of us spoke to the president, we were very clear. in our country. it would absolutely lead to a serious downgrading ofur credit rating. >> narrator: geithner said they had only weeks to act before the country ran out of money. >> geithner believes ve
concerned in this country. >> narrator: and cantor had that debt ceiling threat. if the president wouldn't cut spending, he and the new republicans would force the issue. >> we all saw the debt ceiling as the best lever we had to make some changes, to deal with the spending problem, to deal with the big government problem. >> if the government were to fail to raise the debt ceiling, you would see an immediate panic in the market... >> white house showdown with house...
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Feb 21, 2013
02/13
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by the time the debt ceiling hit, we had a good sense of the landscape. the debt ceiling, we were kind of galvanized in this cohesion to move forward. >> stewart, what was your assumption of what the primary would be about before the announcement speech? writing all of that -- the public does not realize. you go back to the obama announcement speech. it lays out the entire message of the campaign. you are working on that and the governor is working on that. >> we talked about this a lot. we had a premise that we would not have an announcement speech that you could give the day before the general election. that was our goal. we got that the reagan announcement speech and used as a model. it was one that was successful. it was a model of the speech that president reagan gave the day before. it was in the general election. we always believe that we wanted the primary to be about the economy. mitt romney would be that candidate of the economy. to beat mitt romney, you had to beat him on the economy. every candidate would have to trump them on that. we woulere
by the time the debt ceiling hit, we had a good sense of the landscape. the debt ceiling, we were kind of galvanized in this cohesion to move forward. >> stewart, what was your assumption of what the primary would be about before the announcement speech? writing all of that -- the public does not realize. you go back to the obama announcement speech. it lays out the entire message of the campaign. you are working on that and the governor is working on that. >> we talked about this a...
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Feb 17, 2013
02/13
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we discussed the debt ceiling. you voted against the deal to suspend the debt ceiling with 34 of your fellow senators but it passed anyway. what do you need to see in a bill to avoid the sequester sometime between now and the end of february? >> ali, first of all, as someone who did run a business for 22 years, i'm embarrassed about the way we're operating the country right now and i want to say that up front. sequestration is a bad idea. we ought to be doing our business, appropriating and budgeting, making decisions on cost-benefit analysis. these continual deadlines and cliffs is no way to run a country much less a company. >> when you run a company, you have these things called poison pills. that's what the sequestration was. right? something to awful it would prevent a certain course of action from taking place. why is it that elected officials don't treat that the same way that you would if you were in business? if you had a poison pill in your business to say if you don't do something x will happen or if you
we discussed the debt ceiling. you voted against the deal to suspend the debt ceiling with 34 of your fellow senators but it passed anyway. what do you need to see in a bill to avoid the sequester sometime between now and the end of february? >> ali, first of all, as someone who did run a business for 22 years, i'm embarrassed about the way we're operating the country right now and i want to say that up front. sequestration is a bad idea. we ought to be doing our business, appropriating...
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Feb 17, 2013
02/13
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ceiling. where does this all end? >> it doesn't end. this is democratic politics in an age where we've made promises we can't keep and intractable budget ceilings we have to bump up. let me give you two examples this week. the navy citing the sequester delayed the deployment of the aircraft carrier "truman" undermining our pledge to have two carrier groups in the persian group to keep pressure on iran. citing the sequester. you telling me the navy can't find other ways to economize without this flamboyant and provocative way of trying to pressure congress? second, this week we learned the agriculture department has a diversity awareness program. it doesn't cost much money, in which they teach the bureaucrats in the agriculture department to refer to the pilgrims as illegal aliens and minorities as emerging majorities. it's a small amount of money but a huge symptom of the utter contempt with which washington treats taxpayers' money. two good reasons right there to go ahead with the sequester.
ceiling. where does this all end? >> it doesn't end. this is democratic politics in an age where we've made promises we can't keep and intractable budget ceilings we have to bump up. let me give you two examples this week. the navy citing the sequester delayed the deployment of the aircraft carrier "truman" undermining our pledge to have two carrier groups in the persian group to keep pressure on iran. citing the sequester. you telling me the navy can't find other ways to...
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Feb 18, 2013
02/13
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ceiling, which i've been very vocal about republicans should not try to have that fight on the debt ceiling. but we have a budgeting problem in washington where, you know, the senate can essentially just walk away from the game of doing a budget in washington. that's never happened before. and now it's happened three years in a row. so the only way this system can budget is to do it on these crisis points. >> we have a budget problem, michael. and president squarely addressed the middle class this week. did you find it effective? how much time does a second-term president really have to implement a domestic agenda? >> i think about six to eight months because what happens is, even lbj in '65 or fdr in '37, after the enormous landslides, the two biggest congresses in the last 100 years, they knew if they waited longer than six to eight months, members of congress would be thinking about the next re-election. that he would always be a lame duck in the first year of his second term. so i think the president is right to act fast. >> so do you think that president's plans will actually m
ceiling, which i've been very vocal about republicans should not try to have that fight on the debt ceiling. but we have a budgeting problem in washington where, you know, the senate can essentially just walk away from the game of doing a budget in washington. that's never happened before. and now it's happened three years in a row. so the only way this system can budget is to do it on these crisis points. >> we have a budget problem, michael. and president squarely addressed the middle...
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Feb 21, 2013
02/13
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that was a line of demarcation, the debt ceiling fight. our numbers were as bad as they were throughout the whole president's. -- presidency. the creditors and washington were swirling around. all folks were nervous. and it was clear that we were now in a situation where we had to fight and we had to pull out of the nose dive we were in. but the mechanism was already -- there were mechanical things that had to be done. one thing we do is they were going to have a big primary and we would have time to put things in motion while they were busy that would ultimately redound to our benefit. >> take me through when you guys started operationally -- part of it is just, what you have to start the things to build the programs? >> i was at a dnc for 2009-2010 support of the work was building the foundation of what we knew would come for the reelection. while it was not a permanent campaign, there were a lot of things under the radar, the analytics. building on some of the internal polling that we did, really holding the 50 states strategy and havin
that was a line of demarcation, the debt ceiling fight. our numbers were as bad as they were throughout the whole president's. -- presidency. the creditors and washington were swirling around. all folks were nervous. and it was clear that we were now in a situation where we had to fight and we had to pull out of the nose dive we were in. but the mechanism was already -- there were mechanical things that had to be done. one thing we do is they were going to have a big primary and we would have...
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Feb 22, 2013
02/13
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remember this threaduring the debt ceiling debate back in the summer of 2011? i cannot guarantee that those checks go out on august 3rd if we have not resolve this issue because there may simply not be the money in the coffers to do it. this is not just a matter of social security checks, veterans' check folks on disability and their checks. about 70 million checks that go out. lou: more recently in the linda congressional session in the fiscal. >> debate, president obama issued his threat. >> what has been holding us back is the dysfunction here in washington. and if people start seeing that on january 1st this problem still has not been solved. if they save that people's taxes have gone up, which means consumer spending is going to be depressed, then obviously that will have an adverse reaction on the markets. lou: and, of course, that is exactly what has transpired as we now approach the onset of sequestered. took a long time, but president obama today finally reach out to the republican leaders to talk sequester, talking by phone with the speaker and senate
remember this threaduring the debt ceiling debate back in the summer of 2011? i cannot guarantee that those checks go out on august 3rd if we have not resolve this issue because there may simply not be the money in the coffers to do it. this is not just a matter of social security checks, veterans' check folks on disability and their checks. about 70 million checks that go out. lou: more recently in the linda congressional session in the fiscal. >> debate, president obama issued his...
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Feb 16, 2013
02/13
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ceiling but for every dollar we raise that debt ceiling, we'll lower spending by a dollar. so i am in favor of keeping that agreement. >> but keeping that agreement, if the sequester goes into effect, according to the cbo, it says it will cut u.s. growth in half. it will cost at least 1 million jobs and jobs by extension, consumers, which drive the economy. don't you agree that losing 1 million jobs will be disastrous to the recovery? >> if you turn just to the cbo, the stimulus of three years ago would have solved all of our problems and we would not have had all the difficulties we have today. would have led to tremendous gdp growth. neither does the cbo ever report or take into consideration the impact the huge debt has on the growth of our gdp and job creation. we can have a philosophical fight about whether or not you can cut your way to prosperity as the president says or spend your way to disaster, as i contend. but that's not the issue here. the issue here is that we agreed 18 months ago for a dollar's worth of spending reductions for every worth of dollar increase.
ceiling but for every dollar we raise that debt ceiling, we'll lower spending by a dollar. so i am in favor of keeping that agreement. >> but keeping that agreement, if the sequester goes into effect, according to the cbo, it says it will cut u.s. growth in half. it will cost at least 1 million jobs and jobs by extension, consumers, which drive the economy. don't you agree that losing 1 million jobs will be disastrous to the recovery? >> if you turn just to the cbo, the stimulus of...
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Feb 21, 2013
02/13
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this was before the debt ceiling stuff. we knew people were weary of the economy. we wanted to see how we would fit in and how they were following what was going on on the other side. by the time the debt ceiling hit, we had a good sense of the landscape and what our way was to move. the debt ceiling was a moment in which we were -- sort of the cohesion to move forward over what we were learning over the summer. >> what was your assumption that the primary would be about? when you were preparing the announcement speeches and writing it at all that? the public and the media don't understand how important they are. you go back to obama's obama speech and italys out the entire message and campaign. what is the assumption that you're working on that will or the governor was working on that? >> we talked about this a lot. we had a premise that we wanted announcement speech that you could give the day before the germ election. that was our -- general election. that was our goal. we went and looked at the reagan's announcement speech and it was used as a model. it was a s
this was before the debt ceiling stuff. we knew people were weary of the economy. we wanted to see how we would fit in and how they were following what was going on on the other side. by the time the debt ceiling hit, we had a good sense of the landscape and what our way was to move. the debt ceiling was a moment in which we were -- sort of the cohesion to move forward over what we were learning over the summer. >> what was your assumption that the primary would be about? when you were...
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Feb 20, 2013
02/13
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this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say nothing happens. the unemployment rate is stuck around 8%. this is a pretty lousy time for nothing to happen. in fact, if you look at the cbo projections, the projection with the sequester taking effect is for the unemployment rate to be 7.9% the first half of this year, 8% for the second half of this year. so, basically stuck at a place that's really very disadvantageous for so many workers. >> jared, let me interrupt this colloquy here and ask you, jared, we know that there are other looming fiscal fights, the march 27th deadline for the continuing resolution, bu
this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say...
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Feb 22, 2013
02/13
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>> the debt ceiling site. there were obviously thought given to this. >> that is one everybody -- jim was putting the mechanisms in place. he was putting mechanisms in place and we were doing girly things that had to be done. everyone was very focused. at least on a message side. it was a line of demarcation, the debt ceiling numbers weren't as bad as they were throughout the whole presidency. the rumors were swirling around and our folks were nervous. it was clear that we were now in a situation where we have to fight. so there were artier mechanical things that have to be done. one of the things that we knew is that they were going to have the big primary and we would have time to put things in motion. >> genin larry, can you talk abt the program? >> well, i was at the dnc. so a lot of the work we did there was building the foundation of what we knew would come for the reelection. while it wasn't a permanent campaign, there were a lot of things that were under the radar. building on some of the internal poll
>> the debt ceiling site. there were obviously thought given to this. >> that is one everybody -- jim was putting the mechanisms in place. he was putting mechanisms in place and we were doing girly things that had to be done. everyone was very focused. at least on a message side. it was a line of demarcation, the debt ceiling numbers weren't as bad as they were throughout the whole presidency. the rumors were swirling around and our folks were nervous. it was clear that we were now...
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Feb 20, 2013
02/13
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in may, we get the debt ceiling again. >> does the market not think the debt ceiling is going to happen or not care. >> i think the consensus now is it will happen. then there will be a scramble in the middle of march to look like heroes, increase spend ac little bit, come to a deal and get us through it. >> guys say don't fear the sequester. ceo market soothsayers say don't fear the sequester. >> i heard other ceos said you should fear it and cuts defense and other ripples. >> we had others. >> i guess when you're talking long term versus short term, there's the difference. >> it will reduce spending in the near term. the economy is weak, won't help. we need a long plan. keep everything going this year, a couple more out-years things are better, unemployment down, then we start to scale back. >> we've been hearing that. >> what are we going to scale back on. you look at furloughing employees at the faa who will be at the airports, that's nerve racking. >> same in defense. >> probably cuts no matter where they come. >> they will happen any way. >> you have the fringe on both sides. howa
in may, we get the debt ceiling again. >> does the market not think the debt ceiling is going to happen or not care. >> i think the consensus now is it will happen. then there will be a scramble in the middle of march to look like heroes, increase spend ac little bit, come to a deal and get us through it. >> guys say don't fear the sequester. ceo market soothsayers say don't fear the sequester. >> i heard other ceos said you should fear it and cuts defense and other...